SPIRIT AIRLINES, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.815 USD | -0.91% |
|
-15.14% | -76.75% |
| May. 17 | Biden signs sweeping aviation safety, reform bill into law | RE |
| May. 14 | Citigroup Adjusts Price Target on Spirit Airlines to $3.50 From $3.85, Maintains Sell Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,759 | 2,388 | 2,369 | 2,121 | 1,789 | 421.6 | - | - |
| Enterprise Value (EV) 1 | 3,894 | 3,943 | 4,114 | 5,132 | 7,587 | 6,911 | 7,078 | 421.6 |
| P/E ratio | 8.24 x | -4.83 x | -4.86 x | -3.82 x | -4 x | -1.03 x | -2.3 x | -81.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.72 x | 1.32 x | 0.73 x | 0.42 x | 0.33 x | 0.08 x | 0.08 x | 0.07 x |
| EV / Revenue | 1.02 x | 2.18 x | 1.27 x | 1.01 x | 1.41 x | 1.27 x | 1.28 x | 0.07 x |
| EV / EBITDA | 4.2 x | -11.8 x | 36.1 x | 11.1 x | 24 x | 17.2 x | 9.82 x | 0.41 x |
| EV / FCF | 40.6 x | -5.07 x | -32.8 x | -15.7 x | -15.1 x | -124 x | 745 x | - |
| FCF Yield | 2.46% | -19.7% | -3.05% | -6.36% | -6.62% | -0.81% | 0.13% | - |
| Price to Book | 1.22 x | 1.06 x | 1.12 x | - | 1.58 x | 0.58 x | 0.89 x | - |
| Nbr of stocks (in thousands) | 68,448 | 97,678 | 108,405 | 108,857 | 109,168 | 109,501 | - | - |
| Reference price 2 | 40.31 | 24.45 | 21.85 | 19.48 | 16.39 | 3.850 | 3.850 | 3.850 |
| Announcement Date | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,831 | 1,810 | 3,231 | 5,068 | 5,363 | 5,457 | 5,512 | 6,096 |
| EBITDA 1 | 926.5 | -334 | 113.9 | 463.4 | 315.9 | 401.6 | 721 | 1,027 |
| EBIT 1 | 518.6 | -809 | -429.9 | -132.1 | -386.3 | -380.1 | -75.53 | 186.3 |
| Operating Margin | 13.54% | -44.7% | -13.31% | -2.61% | -7.2% | -6.96% | -1.37% | 3.06% |
| Earnings before Tax (EBT) 1 | 436.4 | -620.2 | -520.3 | -700.7 | -558.6 | -492.1 | -248.6 | -142.2 |
| Net income 1 | 335.3 | -428.7 | -472.6 | -554.2 | -447.5 | -448 | -251 | -109.5 |
| Net margin | 8.75% | -23.68% | -14.63% | -10.93% | -8.34% | -8.21% | -4.55% | -1.8% |
| EPS 2 | 4.890 | -5.060 | -4.500 | -5.100 | -4.100 | -3.746 | -1.672 | -0.0472 |
| Free Cash Flow 1 | 95.97 | -778 | -125.4 | -326.6 | -502.2 | -55.67 | 9.5 | - |
| FCF margin | 2.51% | -42.99% | -3.88% | -6.44% | -9.37% | -1.02% | 0.17% | - |
| FCF Conversion (EBITDA) | 10.36% | - | - | - | - | - | 1.32% | - |
| FCF Conversion (Net income) | 28.63% | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 987.6 | 967.3 | 1,367 | 1,343 | 1,391 | 1,350 | 1,432 | 1,259 | 1,322 | 1,266 | 1,331 | 1,444 | 1,428 | - |
| EBITDA 1 | 76.17 | -42.12 | 128.4 | 164.9 | 212.2 | 71.95 | 219.6 | 1.563 | 22.72 | 21 | 71.88 | 132.3 | 140.5 | - |
| EBIT 1 | -60.07 | -184.4 | -16.69 | 11.34 | 57.58 | -91.31 | 46.98 | -178.6 | -163.3 | -175.6 | -128.1 | -47.61 | -28.61 | -110.2 |
| Operating Margin | -6.08% | -19.06% | -1.22% | 0.84% | 4.14% | -6.76% | 3.28% | -14.19% | -12.35% | -13.87% | -9.62% | -3.3% | -2% | - |
| Earnings before Tax (EBT) 1 | -91.83 | -244 | -67.51 | -48.89 | -340.3 | -141.6 | 14.97 | -203.6 | -228.3 | -157.1 | -160.4 | -119.5 | -78.8 | - |
| Net income 1 | -87.16 | -194.7 | -52.41 | -36.38 | -270.7 | -103.9 | -2.349 | -157.6 | -183.7 | -142.6 | -132.1 | -93.35 | -57.55 | -102.6 |
| Net margin | -8.83% | -20.13% | -3.83% | -2.71% | -19.45% | -7.7% | -0.16% | -12.52% | -13.89% | -11.27% | -9.93% | -6.47% | -4.03% | - |
| EPS 2 | -0.8000 | -1.790 | -0.4800 | -0.3300 | -2.490 | -0.9500 | -0.0200 | -1.440 | -1.680 | -1.300 | -1.210 | -0.6741 | -0.3993 | -0.9200 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/7/22 | 5/4/22 | 8/9/22 | 10/26/22 | 2/6/23 | 4/26/23 | 8/3/23 | 10/26/23 | 2/8/24 | 5/6/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,135 | 1,555 | 1,745 | 3,012 | 5,797 | 6,489 | 6,657 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.225 x | -4.654 x | 15.32 x | 6.499 x | 18.35 x | 16.16 x | 9.232 x | - |
| Free Cash Flow 1 | 96 | -778 | -125 | -327 | -502 | -55.7 | 9.5 | - |
| ROE (net income / shareholders' equity) | 16.6% | -31.8% | -20.2% | -23.9% | -26.6% | -57.5% | -55.2% | - |
| ROA (Net income/ Total Assets) | 5.71% | -9.3% | -5.2% | -6.25% | -3.87% | -4.31% | -3.17% | -1.11% |
| Assets 1 | 5,868 | 4,611 | 9,084 | 8,862 | 11,576 | 10,387 | 7,908 | 9,866 |
| Book Value Per Share 2 | 33.00 | 23.00 | 19.50 | - | 10.40 | 6.580 | 4.310 | - |
| Cash Flow per Share 2 | 5.970 | -2.660 | 1.990 | -0.8200 | -2.260 | -0.0900 | 1.280 | 2.400 |
| Capex 1 | 313 | 553 | 333 | 238 | 232 | 442 | 709 | 1,034 |
| Capex / Sales | 8.18% | 30.54% | 10.31% | 4.69% | 4.33% | 8.1% | 12.87% | 16.96% |
| Announcement Date | 2/5/20 | 2/10/21 | 2/7/22 | 2/6/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
12
Last Close Price
3.85
USD
Average target price
3.9
USD
Spread / Average Target
+1.30%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -76.51% | 422M | |
| +31.72% | 34.2B | |
| -5.11% | 22.41B | |
| +45.76% | 20.23B | |
| +32.38% | 17.96B | |
| +2.59% | 17.92B | |
| -10.53% | 14.93B | |
| +41.51% | 13.86B | |
| -0.60% | 13.1B | |
| +13.81% | 11.02B |
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